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Jan 19, 2013
01/13
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WETA
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we ought to put a tax on that. bullets ought to be prohibitively expensive. >> a well regulated militia to keep the security of the people, to keep and bear arms. does that speak to the right of securing the nation through a well regulated defense establishment, or does it greenlight some guy in new york to out his garage like an armory? >> the supreme court defers on this. they have basically upheld the second amendment. it does give the protections to gun owners, and it makes it somewhat of a moot issue. this is mostly for show right now. it is a diversion -- i'm all for gun-control -- but it will not happen. it is a diversion from what we need to do, which is dealing with issues like debt, the climate, which polish and do not want to deal with. it is a side show. >> i do not think it is a side show when you have massacres like we have had in the last year. not just newtown. justice scalia's opinion actually said that the government is free to regulate the kinds of weapons that people carry. it says that. >> if y
we ought to put a tax on that. bullets ought to be prohibitively expensive. >> a well regulated militia to keep the security of the people, to keep and bear arms. does that speak to the right of securing the nation through a well regulated defense establishment, or does it greenlight some guy in new york to out his garage like an armory? >> the supreme court defers on this. they have basically upheld the second amendment. it does give the protections to gun owners, and it makes it...
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Jan 21, 2013
01/13
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FBC
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they file taxes. now, i know you are against refunds, but do you think it's possible they delay refunds? >> i'm hopeful it's not. i think the reality is congress will do the right thing. possibly suspend the debt ceiling, allow for, you know, lenders to get paid both, you know, people holding treasuries as well as people who are actually lending the government money expecting a refund. gerri: if this gambit from the republicans does not work, are some at risk after not getting the refund? >> anything's possible. look, at the end of the day, if the ceiling is not raised and restrict expenses somewhere, refunds could be down the road. irs says if you electronically file, expect a refund within ten days, similar to last year, but, you know, they could say that now not knowing what's going to happen just, you know, a few weeks from now. gerri: we have no idea. the reality is the irs does not control this. >> absolutely not. gerri: that they have to react,d it takes a long time to make changes that need to
they file taxes. now, i know you are against refunds, but do you think it's possible they delay refunds? >> i'm hopeful it's not. i think the reality is congress will do the right thing. possibly suspend the debt ceiling, allow for, you know, lenders to get paid both, you know, people holding treasuries as well as people who are actually lending the government money expecting a refund. gerri: if this gambit from the republicans does not work, are some at risk after not getting the refund?...
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Jan 15, 2013
01/13
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FBC
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and mean, this is a tax on both sides of the aisle, and sometimes there is real racism than these to be pointed out. >> that is like crying wolf when it is not there just first the whole cause. when susan rice did not good to be secretary of state democrats said that is racism, because she is black. >> and the woman question we have up black boy named tracy was secretary of state and other republicans. >> as we did. yes we did. >> you pointed out something that he was too polite to say. he said during the campaign committee has every right to put those examples on because when that happened many people took exception to it. it was more than a dog whistle comments were anyone knew what to deny that happened is to make his case for him. lou: so if you argue as to menu just proved the case for him, and therefore all the damfool would argue about an objective standard of truth to what the value or racists confirms. that's pretty complicated and we thank you for sharing with us. thank you so much. the key for being with us. good night from new york. ♪
and mean, this is a tax on both sides of the aisle, and sometimes there is real racism than these to be pointed out. >> that is like crying wolf when it is not there just first the whole cause. when susan rice did not good to be secretary of state democrats said that is racism, because she is black. >> and the woman question we have up black boy named tracy was secretary of state and other republicans. >> as we did. yes we did. >> you pointed out something that he was...
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Jan 14, 2013
01/13
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CNBC
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and that is because the federal and local tax rates, marginal tax rates combined in high tax states are not on high income taxpayers are now in the neighborhood of 50%. in my home state of connecticut, it's 48.5%, in new jersey and new york, it's higher. and in california, it's higher again. >> right. >> and 50% is well past the peak of the curve, meaning that as production rises -- as taxes rise, production diminishes. so, when taxes go to 100%, production goes to0 and the government collects nothing. >> right. >> so, as taxes rise, the government's stake will diminish. and the government's stake is maximized somewhere between 40% and 45%. and we are beyond that. so, the government's stake is going to diminish from here on, so raising taxes is no longer going to be an answer to deficit reduction and apparently neither is cutting spending. >> yeah, i mean, i guess, you know, the broad -- the broad populous, you know, the people, i don't know that they necessarily understand the implications of not cutting spending, because it does feel like, you know, it constantly goes on the republica
and that is because the federal and local tax rates, marginal tax rates combined in high tax states are not on high income taxpayers are now in the neighborhood of 50%. in my home state of connecticut, it's 48.5%, in new jersey and new york, it's higher. and in california, it's higher again. >> right. >> and 50% is well past the peak of the curve, meaning that as production rises -- as taxes rise, production diminishes. so, when taxes go to 100%, production goes to0 and the...
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Jan 17, 2013
01/13
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we can be for lower taxes, less government, less regulation. we can agree on that. but that is sick. why don't they call him up and say shut up once in awhile. your thoughts? >> they should. and if rush limbaugh actually saw that classroom after that morning, the reality of the situation that we're talking about. >> two to eleven bullets in each kid. unrecognizable children. remember being in first grade? >> i have a son who's there. >> we all remember it a little bit. in a powerful moment today the president spoke about meeting the parents of newtown victim grace mcdonnell. there she is. let's take a look. >> grace was seven years old when she was struck down. just a gorgeous, caring, joyful little girl. i'm told she loved pink. she loved the beach. she dreamed of becoming a painter. chris, her father, gave me one of her paintings. and i hung it in my private study just off the oval office. and every time i look at that painting, i think about grace. and i think about the life that she lived and the life that lay ahead of her. and most of all i think about how when
we can be for lower taxes, less government, less regulation. we can agree on that. but that is sick. why don't they call him up and say shut up once in awhile. your thoughts? >> they should. and if rush limbaugh actually saw that classroom after that morning, the reality of the situation that we're talking about. >> two to eleven bullets in each kid. unrecognizable children. remember being in first grade? >> i have a son who's there. >> we all remember it a little bit....
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Jan 17, 2013
01/13
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FBC
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their ability did carry a bigger tax to fund a tax has been degraded. lou: i think last -- less characterized as remnants then a diffuse, disparate, and not always organized group of elements. >> that can be more dangerous. >> look at mali now. they're beating the french army. lou: the hostage-taking in algeria, seeking leverage because of that conflict. we thank you all for being hre. appreciated. that's it for us tonight. we appreciate you being with us. be with us tomorrow when it gets even better. good night from new york. ♪ [ male announcer ] where do you turn for legal matters? at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to find the right attorney to help guide you along, answer any questions and offer advice. with an "a" rating from the better business bureau egalzoom helps you get personalized and affordable legal protection. in most states, a legal plan at
their ability did carry a bigger tax to fund a tax has been degraded. lou: i think last -- less characterized as remnants then a diffuse, disparate, and not always organized group of elements. >> that can be more dangerous. >> look at mali now. they're beating the french army. lou: the hostage-taking in algeria, seeking leverage because of that conflict. we thank you all for being hre. appreciated. that's it for us tonight. we appreciate you being with us. be with us tomorrow when...
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Jan 16, 2013
01/13
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CNNW
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we have a whole tax code that helps states like new york that have higher taxes because they can take it off of their federal income taxes. that has to be part of that, as well. i think we need to help those in need is something we should be doing but if you are not going to spend 80% of the dollars for two years what's the rush? why hurry? get to the direct needs now and that's what i think is important and that's why i offered a transparency amendment that says let's see where the money is going. fema needs reform. we should be reformed it the last two years, a decade ago, after katrina problems and hopefully we can make progress when we do that. >> thank you very much. we appreciate your time. >>> still to come, france has sent more troops in to mali to fight the war there and the united states promises to help. what is help going to mean for american troops? >>> plus an "outfront" investigation, birth tourism. paying women big money to come to the united states and give birth to new american citizens. >>> and president obama goes it alone on gun control. one senator compares the p
we have a whole tax code that helps states like new york that have higher taxes because they can take it off of their federal income taxes. that has to be part of that, as well. i think we need to help those in need is something we should be doing but if you are not going to spend 80% of the dollars for two years what's the rush? why hurry? get to the direct needs now and that's what i think is important and that's why i offered a transparency amendment that says let's see where the money is...
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Jan 17, 2013
01/13
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as i sat the other night, if only the corporations said corporate tax law, it would be pretty low. if only the gun guys set gun laws, there aren't going to be any gun laws. the people who don't own guns or own guns casually will have to do something. >> that's exactly right. traes what the president has taken away from the lessons of newtown. listening to the heartbeat of the people on this right now. you can see it in the polls. you hear it in the language, and right now the gop's message is out of sync with that heartbeat and i think there are ways and opportunities for them to get back in sync to lay out that concern about the second amendment and why the protection is important, but put it out there in the context of those kids who were killed because that's what people see most of all. >> let's talk about the president's strength now. bob, this monday and this tuesday he will have taken the oath a second time. the american people have doubled down on this president, a majority of the american people have voted for this guy. two majority votes. he will have that in his pocket s
as i sat the other night, if only the corporations said corporate tax law, it would be pretty low. if only the gun guys set gun laws, there aren't going to be any gun laws. the people who don't own guns or own guns casually will have to do something. >> that's exactly right. traes what the president has taken away from the lessons of newtown. listening to the heartbeat of the people on this right now. you can see it in the polls. you hear it in the language, and right now the gop's...
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Jan 20, 2013
01/13
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FOXNEWS
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the republicans wouldn't vote for tax increases for millionaires -- for tax increases for millionaires. you could do it on guns, you could do it on immigration. you have a lot of tough issues s and you force the republicans to make ugly votes and that's their strategy. that's their strategy to take control of the house. >> the premise of that scares enough republicans into enough action to get mobilized. >> look at what just happened. the republicans in the last day or so, punted on the debt ceiling. i think that was smart. but the reason they did it was they thought a trap had been set and if they didn't, they would look bad. i think that's what would have happened. but that's an idea what have chris is talking about. >> chris, brit, thank you. >> you have a leak in your roof, you if i can it, right? >> but what happens when the capitol building this has a lot of leaks? we'll show you, after the break. mine was earned in djibouti, africa, 2004. the battle of bataan, 1942. [ all ] fort benning, georgia, in 1999. [ male announcer ] usaa auto insurance is often handed down from generatio
the republicans wouldn't vote for tax increases for millionaires -- for tax increases for millionaires. you could do it on guns, you could do it on immigration. you have a lot of tough issues s and you force the republicans to make ugly votes and that's their strategy. that's their strategy to take control of the house. >> the premise of that scares enough republicans into enough action to get mobilized. >> look at what just happened. the republicans in the last day or so, punted on...
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Jan 17, 2013
01/13
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FBC
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their ability did carry a bigger tax to fund a tax has been degraded. lou: i think last -- less characterized as remnants then a diffuse, disparate, and not always organized group of elements. >> that can be more dangerous. >> look at mali now. they're beating the french army. lou: the hostage-taking in algeria, seeking leverage because of that conflict. we thank you all for being here. appreciated. that's it for us tonight. we appreciate you being with us. be with us tomorrow when it gets even better. good night from new york. ♪ with the spark cash card from capital one, olaf gets great rewards for his small business! pizza! [ rth ] olaf's small busins earns 2% cash back on every purchase, ery day! helium delivery. put it on my spark card! [ pop! ] [ garth ] why settle for less? great businesses deserve great rewards! awesome!!! [ male announcer ] the spark business card from capital one. choose unlimited rewards with 2% cash back or double miles on every purchase, every day! what's in your wallet? or double miles on every purchase, every day! have g
their ability did carry a bigger tax to fund a tax has been degraded. lou: i think last -- less characterized as remnants then a diffuse, disparate, and not always organized group of elements. >> that can be more dangerous. >> look at mali now. they're beating the french army. lou: the hostage-taking in algeria, seeking leverage because of that conflict. we thank you all for being here. appreciated. that's it for us tonight. we appreciate you being with us. be with us tomorrow when...
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Jan 16, 2013
01/13
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they agreed to higher taxes on a certain group of people. >> they got permanent tax cuts for 98% of the people. >> that's obama's line. look, they don't have to cave now. now the issue is spending and debt. they should not, they must not cave now. >> sean: why do you disagree? >> i'm just, i'm a realist and a pragmatist. and i do not believe that there's any possibility of dealing with entitlement spending in the the next eight weeks to get something through congress. >> sean: quick question. >> which is what we need to do. >> sean: what wok so bad if the republicans said we're not going to raise the debt ceiling unless there's significant cuts. >> that should be the opening position. >> sean: then you have them cave? >> there has to be-- >> you two are hard to take seriously in your jeans, stuart varney is wearing a sport coat and-- it's not a suit and thrown my whole world upsidedown. >> sean: he's got lighter jeans. >> flat-out changed the subject. >> i learned that somewhere. >> sean: dodge. >> shift in position. >> sean: you say sage bob beckel "the five". >> did you not to that. t
they agreed to higher taxes on a certain group of people. >> they got permanent tax cuts for 98% of the people. >> that's obama's line. look, they don't have to cave now. now the issue is spending and debt. they should not, they must not cave now. >> sean: why do you disagree? >> i'm just, i'm a realist and a pragmatist. and i do not believe that there's any possibility of dealing with entitlement spending in the the next eight weeks to get something through congress....
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Jan 15, 2013
01/13
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to dodge ten's of millions of taxes in the city of chicago. the rta reports a single part-time employee works at that office one person that on a recent visited consultants found it locked. only a few chairs and desks through a window. the office is completely legal and any lawsuit would be without merit. rick live enthall is live in our newsroom tonight. how can they get away with this? >> most are collected where products are received. if you fill up with jet fuel that's where the taxes are collected. >> the purchase is accepted opening this possible loophole. advise half a million gallons of jet fuel every day at o'hare airports. most of the fuel transactions are negotiated through united chicago headquarters. it alleges an airline subsidiary opened a small office in sick more. we have video provided by the rta. you get a tax kickback from the town saves a few hundred million. the only reason the fuels had the office in sick more is to create a sham packed for fuel rather than lower tax jurisdiction. in a statement united airlines says it h
to dodge ten's of millions of taxes in the city of chicago. the rta reports a single part-time employee works at that office one person that on a recent visited consultants found it locked. only a few chairs and desks through a window. the office is completely legal and any lawsuit would be without merit. rick live enthall is live in our newsroom tonight. how can they get away with this? >> most are collected where products are received. if you fill up with jet fuel that's where the taxes...
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Jan 15, 2013
01/13
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airlines, claiming they are buying its jet fuel 70 miles away to avoid playing close to $300,000 in sales taxes. >>> students at university of vermont should not bring bottled water when they return to campus because the school banned its sale for environmental reasons. they are the largest public university to prohibit bottled water on campus. >>> to wall street, the dow opens at 13,507 after adding 18 yesterday. the s&p and nasdaq are both down. overseas the nikkei gained 77 points but the hang sell fell 31. nas dam and s&p slipped monday thanks to worries apple has gone sour. shares of the tech titan dipped below $500 for the first time in one year after reports the company cut orders for iphone parts due to weak demand. after the bell ben bernanke praised washington's fiscal cliff deal which he said probably would have caused a recession this year but cautioned, quote, we are not out of the woods yet. >>> a troubling new report finds more than one in four workers are dipping into retirement funds to keep up with their current bills. apparently folks in their 40s are most likely to do this.
airlines, claiming they are buying its jet fuel 70 miles away to avoid playing close to $300,000 in sales taxes. >>> students at university of vermont should not bring bottled water when they return to campus because the school banned its sale for environmental reasons. they are the largest public university to prohibit bottled water on campus. >>> to wall street, the dow opens at 13,507 after adding 18 yesterday. the s&p and nasdaq are both down. overseas the nikkei...
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Jan 14, 2013
01/13
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MSNBCW
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this is the same crew that were saying they would never see taxes go up. we don't need every member in a republican party. we need 218 votes in the house for a reasonable package. and, you know, you have to watch for people to do, not just what they say. in the u.s. capitol, you can't walk in here with a grun. you can't walk in here with an assault weapon. over in the supreme court which says you have this unlimited right to have a gun, you can't walk in there with a gun. why should people walk sbhinto schools or movie theaters? that congress should provide for the american public. we know that guns can be dangerous in the wrong hands. that's why we have all of the rules and regulations and the security protections here. and we need to make sure that in our day care centers and our communities, we provide a better safety environment for our kirn. >> now, rooiyan, it seems like e republ lip cans, and i noticed the congressman said we don't need them all, some republicans do sound like they are more open to possible gun legislation more than some of the far
this is the same crew that were saying they would never see taxes go up. we don't need every member in a republican party. we need 218 votes in the house for a reasonable package. and, you know, you have to watch for people to do, not just what they say. in the u.s. capitol, you can't walk in here with a grun. you can't walk in here with an assault weapon. over in the supreme court which says you have this unlimited right to have a gun, you can't walk in there with a gun. why should people walk...
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Jan 15, 2013
01/13
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CNBC
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when we pay our gasoline tax, we spend that money to the federal government. they skim off management fee and then they dole it out all over again to things like a museum dedicated to the packer, a movie about movies about the road for alaska, things like that. airport money, we spend all of this, there's a tax in all of our tickets, and yet all that money goes into a big pile and the vast majority of it does not go to the biggest airports in the country. it goes to the ones that are the most politically connected. you really have to disengage congress and get more private money going directly where they can actually make a profit and you'll get more infrastructure. >> yeah, but donna, i mean, president obama signed the recovery act and spend billions on infrastructure project. did we get our money's worth? what did that money goes toward? >> well, first let me say, we do need some more money. yes, some airports can be built privately, and there's no question we're spending the money in the wrong places, but even if we took all the money going to highways, lik
when we pay our gasoline tax, we spend that money to the federal government. they skim off management fee and then they dole it out all over again to things like a museum dedicated to the packer, a movie about movies about the road for alaska, things like that. airport money, we spend all of this, there's a tax in all of our tickets, and yet all that money goes into a big pile and the vast majority of it does not go to the biggest airports in the country. it goes to the ones that are the most...
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Jan 14, 2013
01/13
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see if it lasts because it's being explained away as people pull forward their bonuses in 2012 for taxes. let's see if it lasts beyond that. earnings are slowing down. the economy is slowing down. and on the positive, you've got the fed pushing real hard. so maybe we don't have a big down in the market because of the fed, but the fundamentals beyond the fed are real hard to support the market going up. >> china's improving. japan is in uber-stimulus mode. a number of people have changed their gdp numbers this weekend 2.5%. it's not horrible and it's slowly improving. >> it is definitely tough out there. there's no argument there. final word very quickly, ralph. i just want to get your single best idea right here. if your scenario materializes and this market goes up, what's your best idea? where do you want to put your money today? >> xlf. financials. >> that's his financial sector there. >> yep. >> thanks, guys. >> we'll see you soon. thank you so much. we'll keep you updated on the dell story as it develops. we are in the final stretch of trading. 45 minutes until the closing bell soun
see if it lasts because it's being explained away as people pull forward their bonuses in 2012 for taxes. let's see if it lasts beyond that. earnings are slowing down. the economy is slowing down. and on the positive, you've got the fed pushing real hard. so maybe we don't have a big down in the market because of the fed, but the fundamentals beyond the fed are real hard to support the market going up. >> china's improving. japan is in uber-stimulus mode. a number of people have changed...
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Jan 18, 2013
01/13
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and you were targeted because you voted for a tax increase. but at the time you said, "there are times in all our careers when we must ask ourselves why we're here." marjorie, great to have you with us tonight on "the ed show." >> nice to be here. >> you are an example of courage, and the president has said this is going to take courage. can you apply what you went through to today's gun debate? what do you think? >> oh, well, i was also targeted. i mean, they just loaded both of the barrels and came after me also. i was just talking tonight with somebody who worked for me in my congressional office, arlene hal pernin. she said the phones never stopped ringing. and that's one of the problems. but as a member of congress you have to understand that people do not call in when they're satisfied. so nine out of ten calls said vote against this. and at that time it was in '93 and we were talking about an omnibus spending bill. it was a deficit reduction bill but of course it was called the tax increase. and there were things in the bill that i like
and you were targeted because you voted for a tax increase. but at the time you said, "there are times in all our careers when we must ask ourselves why we're here." marjorie, great to have you with us tonight on "the ed show." >> nice to be here. >> you are an example of courage, and the president has said this is going to take courage. can you apply what you went through to today's gun debate? what do you think? >> oh, well, i was also targeted. i mean,...
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Jan 21, 2013
01/13
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peter: the president also did however discuss revamping the tax code, reducing healthcare spending, trying to reduce deficits, but acknowledging the realities of divided government, said, quote, today's victories will only be partial. cheryl? cheryl: peter barnes of course standing by at the white house, big day in d.c., cold day as well. peter thank you. well, while most of the markets are closed today, money is still moving. now is your chance to make money on currencies. joining me now for a fox business exclusive interview is forex.com senior currency strategist. welcome. currency markets are moving today. currency is a bit of great interest with regards to the european currencies and there's japan. big meeting today, bank of japan, more concern about deflation in that country, what is your reading right now on the country of japan and the yen in particular? >> they have been taking some pretty extraordinary measures over the past to months or so -- past two months or so. been very very aggressive in terms of easing the japanese yen. he believes that's going to be the major thing to tu
peter: the president also did however discuss revamping the tax code, reducing healthcare spending, trying to reduce deficits, but acknowledging the realities of divided government, said, quote, today's victories will only be partial. cheryl? cheryl: peter barnes of course standing by at the white house, big day in d.c., cold day as well. peter thank you. well, while most of the markets are closed today, money is still moving. now is your chance to make money on currencies. joining me now for a...
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Jan 18, 2013
01/13
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in the end a tax is a tax. you're talking about taxing products they buy, investment they make for their business, maybe or products they're selling. so it does seem like it would be an impediment elsewhere in their business. they think in the end it is a better tradeoff? >> it is a better tradeoff, again we're talking about simplicity and fairness. give up the exemptions, they're no longer paying corporate tax, if you're a small business, you pay through the individual income tax anyway. and then the other attractive feature, it means their employees would no longer being paying individual income tax and that's very important to them in terms of attracting talent to their company and to our state. melissa: one place where i think you might have have a problem you say you want to create jobs in your state but you boast an incredible unemployment rate, 3.7%. i mean, i wasn't even sure that was possible any longer. it is supposed to create inflation when your unemployment rate is below 4%. you don't want to drive
in the end a tax is a tax. you're talking about taxing products they buy, investment they make for their business, maybe or products they're selling. so it does seem like it would be an impediment elsewhere in their business. they think in the end it is a better tradeoff? >> it is a better tradeoff, again we're talking about simplicity and fairness. give up the exemptions, they're no longer paying corporate tax, if you're a small business, you pay through the individual income tax anyway....
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Jan 20, 2013
01/13
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california, an ngry homeowner getting his version of revenge on the tax man. upset in the 14,000 tax bill and the man paying most of it in change wheeling in nickels and dimes. >> i had to borrow money and missing a few payments . my grand kids piggy bank my daughter's piggy banks and my mon yechange and a lot of people offered to help. >> the clerk surprised to say the least but accepted it after counting it. pennsylvania. penguins on parade. stars of the show waddling their way past crowds of curious family. >> she was excite we ran all the way here. >> they were wademing aroundd and they will do this every weekend through february. >> that's the fox watch in america. car lovers from all over putting the pedal to the medal and racing to scottsdale, arizona . you have to go there to get the coolest cars . it is it best to steer clearr of the auctioneer who i understand is going crazy right now . auctioning in full speed. i could listen to that all day. they will pick up that for his wife. their anniversary. good bless them. >> sale of the hot wheels expected
california, an ngry homeowner getting his version of revenge on the tax man. upset in the 14,000 tax bill and the man paying most of it in change wheeling in nickels and dimes. >> i had to borrow money and missing a few payments . my grand kids piggy bank my daughter's piggy banks and my mon yechange and a lot of people offered to help. >> the clerk surprised to say the least but accepted it after counting it. pennsylvania. penguins on parade. stars of the show waddling their way...
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Jan 18, 2013
01/13
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on the income tax and less reliance the sales tax. [applause] in my budget -- in my budget, i propose to cut the sales tax in the current rate of 6.25% to 4.5% and dedicate all the proceeds to public works fund. that fund will support the transportation plan i have laid out for both existing responsibilities and the necessary and should project as well as the school building fund and other public infrastructure. under my plan, sales tax proceeds would be off-limits for any other purpose to support her education initiatives, my budget will propose that we increase income tax by one percentage point, 6.25% to make that increase fair to all according to their ability to pay will propose that we double the personal exemptions for every taxpayer and eliminate a number of itemized deductions. making those changes gives us a tax code that is sent. fair. let me add that these changes are sales income and business tax will be comparable to an competitive with other states in the region and beyond with which we compete. this is what i will prop
on the income tax and less reliance the sales tax. [applause] in my budget -- in my budget, i propose to cut the sales tax in the current rate of 6.25% to 4.5% and dedicate all the proceeds to public works fund. that fund will support the transportation plan i have laid out for both existing responsibilities and the necessary and should project as well as the school building fund and other public infrastructure. under my plan, sales tax proceeds would be off-limits for any other purpose to...
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Jan 15, 2013
01/13
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claim the airline is buying its jet fuel 70 miles away to avoid paying close to $300 million in sales taxes. the airline says the suit's claims are untrue. >>> students at the university of vermont should not bring bottled water had they return to campus because the school has banned its sale for environmental reasons. vermont is the largest public university to prohibit bottled water sales on campus. they've even converted water fountains to bottle-filling stations. >>> over to wall street this tuesday morning. the dow opens the day at 13,507 after adding 18 points yesterday. the s&p and nasdaq were both down. overseas the nikkei gained 77 points but the hang seng fell 31. >>> the nasdaq and the s&p slipped monday thanks to worries that apple has gone sour. shares of the tech titan dipped below 500 for the first time in nearly a year after reports the company has cut orders for iphone parts due to weak demand. >>> meanwhile, pc maker dell surged 13% on fresh takeover talk. after the bell, fed chief ben bernanke praised washington's recent fiscal cliff deal which he said probably would have
claim the airline is buying its jet fuel 70 miles away to avoid paying close to $300 million in sales taxes. the airline says the suit's claims are untrue. >>> students at the university of vermont should not bring bottled water had they return to campus because the school has banned its sale for environmental reasons. vermont is the largest public university to prohibit bottled water sales on campus. they've even converted water fountains to bottle-filling stations. >>> over...
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Jan 14, 2013
01/13
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government spend aka taxes. part of the heritage foundation's definition of economic freedom is the ability to invest your money however you want and hold on to your money. limited government was always one of the factors in the study. still very, very strong with protectionism is an issue the united states is facing. they are competitive in the global economic environment. it's not just about the u.s. any more. it's a very global marketplace we need to remain competitive. the rankings show we are slipping behind a little bit. we are still topping the world still a top ten but it's a struggling environment for us right now. >> barely top 10. sandra smith, fox business networks. 25 after the hour. still to come obama care was supposed to cut costs for healthcare to all. now we are finding another hidden fee that insurance companies will be charging you to pay for someone else. plus a teacher is told to remove a ronald reagan quote from her classroom because it could be offensive to her students. we will explain.
government spend aka taxes. part of the heritage foundation's definition of economic freedom is the ability to invest your money however you want and hold on to your money. limited government was always one of the factors in the study. still very, very strong with protectionism is an issue the united states is facing. they are competitive in the global economic environment. it's not just about the u.s. any more. it's a very global marketplace we need to remain competitive. the rankings show we...
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Jan 16, 2013
01/13
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. >> andrea: that is not important if we raise taxes on rich to talk about gun control. does it always have to be a dog-and-pony show? he used kids for the stimulus. now he is using kids again. it's just always a gimmick. never about the real policies. p.r. and how it looks. i will say this, i work for a republican memberbe. who had press conbe france using children once. the flak we took for it was incredible. >> dana: not worth it. >> andrea: there are not a lot of republicans that would do it since it happened. they remember it well. but there are two set of rules, bob. one for the democrats and one for republicans. >> dana: it's like saying well, we care for children and you don't. >> bob: obama is the first person to use people as backdrop for the press? give me a break. you could be bipartisan if the republicans come forward for gun control. >> eric: again you want to get to gun control discussion. stay on this for a few more minutes. really, using kids. >> bob: really, using kids. >> eric: using kids who are family, surrounding the victims of the newtown, connecti
. >> andrea: that is not important if we raise taxes on rich to talk about gun control. does it always have to be a dog-and-pony show? he used kids for the stimulus. now he is using kids again. it's just always a gimmick. never about the real policies. p.r. and how it looks. i will say this, i work for a republican memberbe. who had press conbe france using children once. the flak we took for it was incredible. >> dana: not worth it. >> andrea: there are not a lot of...
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Jan 17, 2013
01/13
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unless we get the cooperation from the political parties who say taxes how much they spend and how much they regulate. by that, it is just not sufficient. we spoke about last night was about the banks, not monetary policy. david: there is a conflict with regards to the fed interest and pump up the market, if you will, and unemployment mandate for the employment mandates you just mentioned. stocks go up and companies lay workers off, that happened with american express and in the past with other companies, so if the intention of the fed is to pump up the stock market, doesn't that sometimes conflict with its mandate to keep unemployment low? >> they're all kinds of approaches to this, david. one of them is the wealth effect, if stocks go up, through the broad pulls the mutual fund or more directly obviously feel wealthier and will be able to spend more and pump of consumption with consumption driven society others might argue it is a narrower base than it used to be, so it is a give and take, pros and cons of every single argument. clearly those publicly traded have been able to capitali
unless we get the cooperation from the political parties who say taxes how much they spend and how much they regulate. by that, it is just not sufficient. we spoke about last night was about the banks, not monetary policy. david: there is a conflict with regards to the fed interest and pump up the market, if you will, and unemployment mandate for the employment mandates you just mentioned. stocks go up and companies lay workers off, that happened with american express and in the past with other...
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Jan 15, 2013
01/13
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KGO
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blitz tonight, reacting to a full-fledged assault on sugary sodas that include school bans, proposed taxes and an often-mocked new york city effort to eliminate large sizes. >> oh, no! i'm on the run from johnny law! >> reporter: but many feel it's no joke. after all, the average american gets 45 gallons of sugary soft drinks a year. that's 1 1/2 barrels of soda pop. in fact, sugary sodas are the single largest source of calories in the american diet. even this small can has the equivalent of six sugar cubes in it. the regular soda, 14 sugar cubes. and that big gulp? 32 sugar cubes. critics argue they're not just ordinary calories, either. they're empty of nutrition and don't tell the body its full. >> with beverages, we drink the calories and consume more foods on top of those calories. >> reporter: coke's new commercial promotes exercise programs to work off what you drink. but for the world's largest soda maker today, it's no coke and a smile. jim avila, abc news, washington. >>> and as we begin another week, we begin it watching the flu continue to move across the country again. tonigh
blitz tonight, reacting to a full-fledged assault on sugary sodas that include school bans, proposed taxes and an often-mocked new york city effort to eliminate large sizes. >> oh, no! i'm on the run from johnny law! >> reporter: but many feel it's no joke. after all, the average american gets 45 gallons of sugary soft drinks a year. that's 1 1/2 barrels of soda pop. in fact, sugary sodas are the single largest source of calories in the american diet. even this small can has the...
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Jan 16, 2013
01/13
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i thought conservatives hated taxes. burnett said this liberal tax exists to make a point. >> we have a fiscal problem in this country. we've got to deal with it or we don't have a country. so to kind of help make that point a little bit, i charge them just a little bit more. >> yeah, it's all our fault. to add insult to injury, burnett donates the extra dollar to the conservative cause like the heritage foundation. jim demint will like that. but vernal, utah, is located in solid red county, folks. 90% of the residents there voted for mitt romney. less than 9% voted for barack obama. burnett's controversial pricing is getting him free publicity and lots of love from local republicans. but his stunt will not single-handedly fund jim demint and the heritage foundation. at $1 per liberals, let's add it all up. >> actually, all three liberals have been happy to pay it. >> there you go. heritage foundation, good luck with the three extra bucks. don't spend it -- well, yeah, go ahead, spend it in one place. >>> tonight in our
i thought conservatives hated taxes. burnett said this liberal tax exists to make a point. >> we have a fiscal problem in this country. we've got to deal with it or we don't have a country. so to kind of help make that point a little bit, i charge them just a little bit more. >> yeah, it's all our fault. to add insult to injury, burnett donates the extra dollar to the conservative cause like the heritage foundation. jim demint will like that. but vernal, utah, is located in solid...
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Jan 17, 2013
01/13
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FBC
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a lot to our tax funds the they own nearly 20% of the investments from apple stock is that a good idea? >> it depends going forward. gerri: what happened to a different pot? that is ridiculous. >> the rule that mutual funds you should not have more than 10% of any position. gerri: how many growth fund and value fund with the same stock? i think portfolio managers saw the of run up and wanted to get on board whether not yet matched their portfolio plan they plowed a bunch of money into it. >> there was momentum chasing for sure. apple is going through a major transition in terms of the growth profile. it had a hyper growth period now going forward just a normal good growth period the results in a change of ownership. one year ago more growth fund had the stock with a larger percentage from apple. gerri: by so or hold? >> i would hold for sure. exciting for apple going forward we have patterns of period to go into these periods and then slowed down. you do see the a 25% correction but you cannot predict when it sorts out but they are changing the business model. they will become more bra
a lot to our tax funds the they own nearly 20% of the investments from apple stock is that a good idea? >> it depends going forward. gerri: what happened to a different pot? that is ridiculous. >> the rule that mutual funds you should not have more than 10% of any position. gerri: how many growth fund and value fund with the same stock? i think portfolio managers saw the of run up and wanted to get on board whether not yet matched their portfolio plan they plowed a bunch of money...
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Jan 17, 2013
01/13
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CNBC
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rich people stopped dead in their tracks by new tax hikes. one so steep we were supposed to switch to peanut butter and jelly sandwiches rather than dining at three-star restaurants. pass the skippy, keep the foie gras. we find out we had the highest housing starts since the boom, double where we were not that long ago, and the analysts were determined to tell you housing is about to go all tepid, numbers don't fit into the scenario, not a negative one and that's the story of the market right now bullish backs getting in the way of the bearish story. now, i will tell you on any given day, we're capable of a serious swoon and we are due for one. holy cow. maybe dow and intel not so hot tonight can cause one sell, sell, sell. this feels like a moment like the mid 1980s where the bulls areaa lay boeing. it seems like when i was a young, curly haired kid. i want to see the amazing con colombia ra glomerate. one of those rare things, when you can get an audience with an investment titan. he heard i had a hot hand. he wanted to know what i was thin
rich people stopped dead in their tracks by new tax hikes. one so steep we were supposed to switch to peanut butter and jelly sandwiches rather than dining at three-star restaurants. pass the skippy, keep the foie gras. we find out we had the highest housing starts since the boom, double where we were not that long ago, and the analysts were determined to tell you housing is about to go all tepid, numbers don't fit into the scenario, not a negative one and that's the story of the market right...
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Jan 21, 2013
01/13
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he's a liberal democrat or a radical democrat, who wants bigger government, higher taxes, more power in washington. redistributionist policies and secular values and that is who he is and i think rather than hoping he'll somehow moderate, we should set our own agenda and we should look where we have leverage. i actually think, mike, that the house republicans were very wise in williamsburg to decide that they were not going to fight over the debt ceiling over the next three months, get na out of the way for 90 days and then focus on the continuing resolution, on the sequester. because they fit exactly what the president said. this is real spending. i mean, under our constitution, nothing can be spent that the house does not pass. and so, the house republicans really have an opportunity to set a whole new standard not trying to figure out what kind of deal obama wants, but deciding what in good conscience they're willing to past. >> mike: in your experience as speaker of the mouse and somebody who as really engineered the republican takeover of the house back in the 1994 elections, sp
he's a liberal democrat or a radical democrat, who wants bigger government, higher taxes, more power in washington. redistributionist policies and secular values and that is who he is and i think rather than hoping he'll somehow moderate, we should set our own agenda and we should look where we have leverage. i actually think, mike, that the house republicans were very wise in williamsburg to decide that they were not going to fight over the debt ceiling over the next three months, get na out...
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Jan 14, 2013
01/13
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he had won an election over the tax issue and the republicans lost over the tax issue. they're pushing that so far off the table that i don't even hear them talking about tax reform anymore. the president is making a gamble here, that the public will see the republicans as irresponsible and absurd, as he called them, that you can't let the united states of america default, that's not who we are, and that the american public will be embarrassed by this fight. the republicans are making the calculation, you know what, the public is going to be on our side, because we have to get on a path of fiscal sustainability over the long term so they're going to be with us, they're going to want spending cuts. >> we've been measuring the political pressure on the speaker as it builds, it seems, to a big climax here. how much pressure is he in right now? >> huge amount of pressure. don't forget, he didn't have a great time in the fiscal cliff fight. he couldn't bring a majority of his own caucus to vote for that final proposal. this time, his own caucus has put him on notice. a, don'
he had won an election over the tax issue and the republicans lost over the tax issue. they're pushing that so far off the table that i don't even hear them talking about tax reform anymore. the president is making a gamble here, that the public will see the republicans as irresponsible and absurd, as he called them, that you can't let the united states of america default, that's not who we are, and that the american public will be embarrassed by this fight. the republicans are making the...
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Jan 15, 2013
01/13
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backup for the government and the tax code. it is an inefficient way of subsidizing. sandra: a sign we are overtaxing and overregulating corporations and small businesses to the point data want to hire these people so people have to downgrade out of jobs they should be working in and educated to work in and take lower-level service jobs. very much a sign of the times. stuart: the government takes money off of this group to top off the income of that group. that is -- [talking over each other] stuart: that is my take. big money at the story everybody is talking about today, lance armstrong comes clean on informant -- performance enhancing drugs and made millions in prize money and endorsements, raise a lot of money for his cancer charity. we are a forgiving country. we really are. here is the question. will the nation give him a second chance or is he totally finished? we will ask that question. we have a pr executive on whether it lands can have his image and i have my take on mr. armstrong around 10:28 this morning on this pro
backup for the government and the tax code. it is an inefficient way of subsidizing. sandra: a sign we are overtaxing and overregulating corporations and small businesses to the point data want to hire these people so people have to downgrade out of jobs they should be working in and educated to work in and take lower-level service jobs. very much a sign of the times. stuart: the government takes money off of this group to top off the income of that group. that is -- [talking over each other]...
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Jan 18, 2013
01/13
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on the income tax and less reliance on the sales tax. [applause] in my budget, in my budget i will propose that we cut the sales tax from the current rate of 6.25% to 4.5% and dedicate all of the proceeds to a public works fund. that fund will support the transportation plan i have laid out both our existing responsibility and the necessary expansion project. as well as the school building fund, and other public infrastructure. under my plan, sales tax proceeds would be off limits for any other purpose. to support our education initiative, my budget will propose that we increase the income tax by 1 percentage point to 6 % 25% to make that increase fair to all according to their ability to pay. i will propose that we double the personal exemptions for every taxpayer, and eliminate a number of itemized dedeductions. making those changes gives us a tax code that is simpler and fairer. let me add that with these changes are sales, income, and business taxes will be comparable to and other states in the region beyond with which we compete. th
on the income tax and less reliance on the sales tax. [applause] in my budget, in my budget i will propose that we cut the sales tax from the current rate of 6.25% to 4.5% and dedicate all of the proceeds to a public works fund. that fund will support the transportation plan i have laid out both our existing responsibility and the necessary expansion project. as well as the school building fund, and other public infrastructure. under my plan, sales tax proceeds would be off limits for any other...
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Jan 16, 2013
01/13
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MSNBCW
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on the tax deal, house republican leaders had political cover from senate republicans. on sandy, chris christie provided the political cover, leaving house leaders, frankly, cowering. now the kotch brothers, through a group they backed, called americans for prosperity, are the latest to give boehner and other house leaders cover on the debt ceiling, as they get their rank and file to pick other political fights. tim phillips, president of americans for prosperity, told the financial times, quote, we're saying calibrate your message, focus on long-term spending instead of long-term debt. focusing on the debt ceiling makes the message more difficult. when i asked walden about the debt ceiling yesterday, he was clearly noncommittal, hinting on where the republican leadership maybe is on this. if there's not a majority in the house republican to raise the debt limit, but there is a majority in the house of representatives to raise a clean debt limit, would this leadership be willing to do that? >> you know, let's look at how do we avoid default on america and american's deb
on the tax deal, house republican leaders had political cover from senate republicans. on sandy, chris christie provided the political cover, leaving house leaders, frankly, cowering. now the kotch brothers, through a group they backed, called americans for prosperity, are the latest to give boehner and other house leaders cover on the debt ceiling, as they get their rank and file to pick other political fights. tim phillips, president of americans for prosperity, told the financial times,...
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Jan 16, 2013
01/13
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i would look back to that tax vote after christmas. three-quarters of the republican party did not go along with speaker boehner on the compromise on increasing taxes. these guys don't care what leadership has to say about this issue. they want to shrink government. they were elected to shrink government. and whether it's defaulted, whether it's shutting down the government, whether it's allowing sequestration to kick in, they're going to make it happen in the next couple of months. and nobody knows how that will play out. >> we may just find out what happens when we reach the debt limit. jim, in spite of what the white house's grand plans for gun reform may be, there still may be not a lot of backing in congress. if you look at even republicans in the midwest and republicans in the north, how does this play out right now in congress? >> well, right. there's going to be a lot of focus on gun control. there has been since the shooting, and there will be when the president unveils his package today. i would caution people to look at the
i would look back to that tax vote after christmas. three-quarters of the republican party did not go along with speaker boehner on the compromise on increasing taxes. these guys don't care what leadership has to say about this issue. they want to shrink government. they were elected to shrink government. and whether it's defaulted, whether it's shutting down the government, whether it's allowing sequestration to kick in, they're going to make it happen in the next couple of months. and nobody...
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Jan 18, 2013
01/13
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FOXNEWS
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. >> greta: taxes and have you thought about our corporate tax rate? >> could have,we have the highest corporate tax rate in the entire world now. japan used to be number one and u.s. number two. they cut their rates and now when you combine state and federal taxes, the highest corporate tax rates in the world. >> greta: how does that affect your business? you're very successful, you're a rich man and how does it affect you and your employees. >> every dollar we pay in taxes is a dollar that we can't give back to the customers in lower prices, a dollar we can't pay to our team members and higher wages and benefits. it's a dollar that we can't give back to the suppliers with lower prices. it's a dollar that we can't donate fill v-- fi -- and you need to hear this next, but the headlines are screaming scandal. a new cheater joining the ranks of tiger woods, arnold schwarzenegger and kristin stewart. who is it? well, that's coming up. and in two minutes, a 16-year-old is drunk driving and a mother finds a public way to punish him. is she teaching him a go
. >> greta: taxes and have you thought about our corporate tax rate? >> could have,we have the highest corporate tax rate in the entire world now. japan used to be number one and u.s. number two. they cut their rates and now when you combine state and federal taxes, the highest corporate tax rates in the world. >> greta: how does that affect your business? you're very successful, you're a rich man and how does it affect you and your employees. >> every dollar we pay in...
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Jan 14, 2013
01/13
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reform by closing loopholes in our tax reform for the wealthiest americans. if we combine a balanced package of saving through -- we can solve the deficit issues without sacrificing things like our investments in education that are going to help us grow. turns out the american people agree with me. they listened to an entire year's debate over this issue and they made a clear decision about the approach they prefer. they don't think it's fair for example to ask a senior to pay more for his or her health care or for a scientist to shut down ground breaking research so that a multimillionaire can pay less taxes than a secretary. they don't think it's smart to close endless loopholes for wealthy americans rather than invest in our roads and to help manufacturers bring jobs back to america. they want us to bring our books in order no a balanced way where everybody pulls their weight and everybody does their part. that's what i want as well. that pie that's what i've proposed. and we can get it done, but we're going to have to make sure that people are looking at
reform by closing loopholes in our tax reform for the wealthiest americans. if we combine a balanced package of saving through -- we can solve the deficit issues without sacrificing things like our investments in education that are going to help us grow. turns out the american people agree with me. they listened to an entire year's debate over this issue and they made a clear decision about the approach they prefer. they don't think it's fair for example to ask a senior to pay more for his or...
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Jan 16, 2013
01/13
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. >> you want to go for more tax increases after the tax increases that went through on the fiscal cliff? >> i think closing loopholes, i think there has to be revenue enhancement and closing loopholes, already raised the tax rates, but there's got to be some spending cuts to go along with it. i'm not going to give away the store unless we get something in return. >> you did that already. did you that already at the end of the year? >> i'm not in congress thankfully. i'm running a very fiscally prudent state that's well managed and lives within its means and saves money for a rainy day and is growing the economy to produce more growth money by expanding a healthy economy. washington would do a lot to listen and watch what we're doing in utah because we're doing it right. >> you sure r.governor, thanks very much. appreciate your time today. >> thank you. >> we'll see you soon, governor. thank you. >> headed towards close, sort of meandering here, and much of the decline for the dow, down 32 points, the result of boeing's decline today which we'll be talking about. >> up next, jpmorgan ceo
. >> you want to go for more tax increases after the tax increases that went through on the fiscal cliff? >> i think closing loopholes, i think there has to be revenue enhancement and closing loopholes, already raised the tax rates, but there's got to be some spending cuts to go along with it. i'm not going to give away the store unless we get something in return. >> you did that already. did you that already at the end of the year? >> i'm not in congress thankfully. i'm...
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Jan 16, 2013
01/13
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. >> reporter: loans that result in penalties, taxes, and lost interest. people in their 40s are most likely to borrow against their 401(k)s, but the financial pressure doesn't end there. another new study by aarp shows that the older you are, the higher your credit card debt. >> for the first time, people over age 50 are having more credit card debt, $2,000 more, than people who are younger. >> reporter: and that debt makes it more likely they'll borrow against their 401(k). it's a vicious cycle. how to avoid it? experts say you need a rainy day fund that's not your 401(k), and start saving separately for retirement in your 20s so you have at least a year's salary at 35, three years at 45, and by retirement at 67, you should have put away at least eight times your final salary. six years after tapping out their iras, they are both working, and once again saving for retirement. >> we worked very hard to get to where we are today. >> reporter: determined to enjoy their golden years after learning some hard lessons. chris jansing, nbc news, new york. >>> we
. >> reporter: loans that result in penalties, taxes, and lost interest. people in their 40s are most likely to borrow against their 401(k)s, but the financial pressure doesn't end there. another new study by aarp shows that the older you are, the higher your credit card debt. >> for the first time, people over age 50 are having more credit card debt, $2,000 more, than people who are younger. >> reporter: and that debt makes it more likely they'll borrow against their 401(k)....